All Forum Posts by: Brian Van Pelt

@Timothy Woodland

Asset management is meant to cultivate market value so ownership can increase its returns, whether it has to do with real estate or any other asset. (Stocks,Bonds, Property, Cash, Boats, etc) An asset manager manages assets on behalf of someone else, making important investment decisions that will help the client's portfolio grow.

There are many property management companies that maintain properties to a high standard. Most PM companies are hampered by the property owner wanting to do as little as possible while making as much as possible on the property.

I maintain properties to a high standard and have had to terminate a number of PM contracts because the owners had too low of standards.

@Sue Zikria

Win the lottery and take the annuity.

@Jonathan Bombaci

This is still not the place to get advice on things that should be done by an licenced inspector. For your own purchases, maybe, but definitely not for a RE Client. Liability

@Nathan Gesner

No one would ever buy a property without doing due diligence, would they ? Tax ID's are associated with properties at tax sales. Why would any want to match a tax id with a property ? What could go wrong ? I guess the .0005 acre property size on the tax sales sheet was not enough of a clue.

@Jonathan Bombaci

By your post you found a "foundation issue" but you "don't think" ..... 

Don't put yourself in the position of making a decision on something you are not qualified to make. Foundation problems should be evaluated by a licenced Structural Engineer/Specialist.  If it turns out to be nothing that's great , if it turns out to be major it saves you from liability.

It's always up to the Buyer to make the decision. Realtors should stick to Contracts, not inspections. Play it smart.

If you want to read about how bad the BRRRR can go wrong , read the following Thread Link of a Bigger Pockets member who followed BRRRR and may have their portfolio unzip on them

@Kris 

@Kris L. You have it reversed If the 1 unit has a 2 month vacancy it has little to no impact because the unit was paid for by cash. The 4 properties have a 2 month vacancy, the portfolio goes into a negative cash flow.

@Ryan Rush

This is a classic example of why BRRRR does not work and Cash buying wins every time. An this is NOT meant to bash Ryan.

It's time to think outside of the Box before you lose it all. Have you considered:

. Having an old fashioned barn raising or in this case "roof raising" with friends and family members , church members 
. Set up a Gofundme.com to raise capital for the repairs
. Inviting a friend or family member in as a silent partner to raise capital ( would require a partnership agreement )
. Selling everything not nailed down to raise money for repairs.

@K. Glenn

ROFL, You had your answer at "Unpermitted"

@Bryce McBride Refinancing Does not increase your cash flow unless you significantly reduce your mortgage.